Investors may be asking when will it end and the answer has to be once the leak is undercontrol and damage estimated. This could be months away from truning around, until then its a falling knife. pop, pop, pop.
There has got to be a set of investors at recent prices that thinks they can hold on get a nice dividend and wait for better days. Now if the dividend is taken away it makes holding on for a solution to the leak that much tougher. Its just too risky at this point in time.
lets face it, Bp was once the goose that laid the golden eggs and has turned into a crude oil covered ugly duckling. As more oil starts to hit the beaches the sentiment is going to get worse. It might be 6 mos. before a new valuation can be put on Bp. Until then this is just too risky. jmho